Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV) Stock Price Up 9.1% – What’s Next?

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (BATS:GLOV) shares shot up 9.1% on Wednesday . The company traded as high as $54.22 and last traded at $59.3150. 57,875 shares were traded during mid-day trading, a decline of 22% from the average session volume of 74,053 shares. The stock had previously closed at $54.37.

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF Stock Up 9.1%

The company’s fifty day moving average price is $59.32 and its two-hundred day moving average price is $59.16. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 19.52 and a beta of 0.74.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 18.8% in the first quarter. Royal Bank of Canada now owns 5,482 shares of the company’s stock valued at $282,000 after purchasing an additional 868 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 17.0% during the second quarter. Osaic Holdings Inc. now owns 4,781 shares of the company’s stock worth $262,000 after buying an additional 694 shares in the last quarter. Orion Porfolio Solutions LLC acquired a new stake in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF in the 3rd quarter valued at approximately $207,000. Keebeck Wealth Management raised its position in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF by 134.4% in the 3rd quarter. Keebeck Wealth Management now owns 23,713 shares of the company’s stock valued at $1,351,000 after buying an additional 13,596 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF in the 3rd quarter valued at approximately $558,000.

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF Company Profile

The Goldman Sachs ActiveBeta(R) World Low Vol Plus Equity ETF (GLOV) is an exchange-traded fund that mostly invests in total market equity. The fund selects large- and mid-cap stocks in developed markets based on four factors: value, momentum, quality and an emphasis on low volatility. GLOV was launched on Mar 15, 2022 and is managed by Goldman Sachs.